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Originally Posted by Temporary_User
I haven't really followed this, and don't really have the time to do much research on it. I just searched through cnn.com quickly...
Can someone give me the coles notes on what exactly these means for Americans, and how their system differs from the Canadian system now.
I know it will take time to fully implement, but everyone is covered now right?
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I'm sure someone is willing to put in the effort to actually explain it in detail.
Since I'm not, I'll just quote part of the Herald article and that'll give you a general idea for now.
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The final bill imposes an “individual mandate” requiring Americans to buy health insurance at risk of being fined if they do not. To make insurance more affordable, the legislation offers federal subsidies for lower and middle-class Americans. It also expands funding to states for Medicaid, the public insurance plan for the nation’s poorest citizens. Children will be able to stay on their parents’ insurance plans through age 26.
The bill would immediately bar insurance companies from denying coverage to sick children and — by 2014 — make it illegal to deny insurance to anyone with a pre-existing condition. It also includes provisions to prevent massive premium hikes and to eliminate the practice of setting lifetime limits on coverage.
Read more: http://www.calgaryherald.com/news/De...#ixzz0is3Caj0B
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